Robert Guttmann

Interviews

Robert Guttmann On The Collapse of Credit Suisse, AT1 Bonds, And The Dilemma Central Banks Are Facing, March 30, 2023

Publications

“Grossbritannien - Stagflation und Klassenstrategien” in E. Altvater, V. Brandes, and J. Reiche (eds.), Inflation, Akkumulation, Krise: Handbücher der Politischen ökonomie, Europäische Verlagsanstalt, Frankfurt/Main (Germany), 1976, pp. 131-151.

“State Intervention and the Economic Crisis: The Labour Government’s Economic Policy 1974-75” Kapitalistate, no. 4-5, San Francisco (California), 1976, pp. 225-270.

With S. Valter-Rosner: “Grossbritannien - Krise ohne Silberstreifen?” Die Zukunft, Vienna (Austria), September 1977, pp. 19-23.

“Der National Enterprise Board - Industriepolitik der Labour-Regierung” Wirtschaft und Gesellschaft, 3/77, Vienna (Austria), pp. 306-313.

“The Challenge of Reindustrialization: An Agenda for a New Industrial Policy” The Collegiate Forum, Dow Jones & Co., Princeton (New Jersey), Spring 1981.

“Critique of ‘Beyond the Waste Land’,” Contributions to Political Economy, vol. 3, Cambridge (England), March 1984, pp. 97-105.

“Stagflation and Credit-Money in the USA” British Review of Economic Issues, vol. 6, no. 15, London (England), Fall 1984, pp. 79-119.

“Depasser la ‘reaganomie’: panorama critique des alternatives post-keynesiennes et radicales,” Critiques de l’economie politique, no. 30, Paris (France), 1985, pp. 69-114.

Crisis and Reform of the International Monetary System, monograph, Thames Papers in Political Economy, London (England), Spring 1985. Also published in P. Arestis (ed.), Post-Keynesian Monetary Theory (Edward Elgar: London), 1988, pp. 251-299.

“Etats-Unis: Des Choix Difficiles,” Alternatives Economiques, no. 50, Paris (France), October 1987, pp. 41-43.

“Changing of the Guard at the Fed” Challenge, Armonk (NY), November/December 1987, pp. 4-9.

“Il Crollo dell ‘87: correnti periculose su Wall Street, Primo Maggio, no. 29, Milan (Italy), Fall 1988, pp. 32-40.

“The Socio-Economic Foundations of Financial Accounting” British Review of Economic Issues, vol, 11, no. 24, London (England), Spring 1989, pp. 75-102.

“Der Strukturwandel des amerikanischen Finanzkapitals” PROKLA: Zeitschrift für politische Ökonomie und sozialistische Politik, vol.19, no.74, Berlin, 1989, pp. 32-54.

Reforming Money and Finance: Institutions and Markets in Flux, (M.E. Sharpe: Armonk, N.Y.), August 1989, 349 pages.

“The Saving Shortfall Revisited” Challenge, Armonk (NY), 5/1989, pp. 47-51.

“World Money and International Economic Relations” in W. Väth (ed.), Political Regulation in the ‘Great Crisis’, (Edition Sigma: Berlin), 1989, pp. 71-89.

“The Regime of Credit-Money and its Current Transition,” Économies et Sociétés, vol. 24, no.6, Paris (France), June 1990, pp. 81-105.

“Money in Regulation Theory,” La lettre de la régulation, no. 10, February 1994, pp. 1-3.

How Credit-Money Shapes the Economy: The United States in a Global System (M.E. Sharpe: Armonk, NY), March 1994, 565 pages.

“Monnaie et crédit dans la théorie de la régulation” in R. Boyer and Y. Saillard (eds.), Théorie de la régulation: l’état des savoirs (La Découverte: Paris), 1995, pp. 85-93.

“Entretien: Une Finance Devenue Planétaire” in O. Piot (ed.), Finance et Économie: La Fracture, (Le Monde-Editions: Paris), Fall 1995, pp. 94-100.

“Die Transformation des Finanzkapitals,” PROKLA: Zeitschrift für kritische Sozialwissenschaft, vol. 26, no.2, Berlin (Germany), June 1996, pp. 165-195.

“Les mutations du capital financier,”; in F. Chesnais (ed.), La mondialisation financière, (Syros: Paris), October 1996, pp. 59-96. Translated into Chinese and Japanese.

Reforming Money and Finance: Toward a New Monetary Regime, (M.E. Sharpe: Armonk, N.Y.), Second Edition, January 1997, 411 pages.

“Cybermonnaie: Les implications d’une nouvelle forme monétaire (1ére partie), Terminal, no. 75, Winter 1997-Spring 1998, pp. 45-56.

“Asia in Crisis,” Capitalism, Nature, Socialism, vol. 9, no. 2, June 1998, pp. 97-112.

“Die strategische Rolle der Pensionsfonds,” PROKLA: Zeitschrift für kritische Sozialwissenschaft, vol. 28, no.4, Berlin (Germany), December 1998, pp. 643-650.

“The International Monetary System in Transition,” Economia Politica, vol. 15, no. 3, December 1998, pp. 419-435.

“Social structure of accumulation: financial,” in P. A. O’Hara (ed.), Encyclopedia of Political Economy, vol.2 (Routledge: London), February 1999, pp. 1061-1063.

“Die Akkumulationsdynamik der amerikanischen Pensionsfonds,” PROKLA: Zeitschrift für kritische Sozialwissenschaft, vol. 29, no. 113, Berlin, March 1999, pp. 85-98.

“Cybermonnaie: Les implications d’une nouvelle forme monétaire (2éme partie), Terminal, no. 78, Winter 1998-1999, pp. 29-47.

“Die Entwicklungsdynamik des Finanzkapitals,” Kurswechsel, Heft 1/1999, Vienna (Austria), pp. 16-25.

“Le défi de la monnaie électronique,” Alternatives Economiques, no. 45, May 2000, Paris (France), pp. 57-59.

“La monnaie privée terrorise les banques centrales (Entretien),” Transfert, no. 9, November 2000, Paris (France), pp. 53-55.

Cybercash: The Coming Era of Electronic Money (Palgrave/Macmillan: Basingstoke, United Kingdom), November 2002, 320 pages.

“Money as a Social Institution: A Heterodox View of the Euro,” in E. Nell and S. Bell (eds.), The State, the Market, and the Euro: Chartalism versus Metallism in the Theory of Money (Edward Elgar: Cheltenham, UK), February 2003, pp. 138-159.

“Cybercash,” La lettre de la régulation, No. 44, April 2003, pp. 1-4.

“Notes de lecture: La monnaie entre violence et confiance,” L’année de la régulation, no. 7, October 2003, pp. 207-217.

“Les autorités monétaires internationales face à l’instabilité,” in Dominique Plihon (ed.), Les Désordres de la Finance (Universalis: Paris), 2004, 57-68.

“Basiléia II: Uma Nova Estrutura para a Regulaçåo da Atividade Bancária Global,” in Ana Rosa Ribeiro de Mendonça and Rogério P. de Andrade (eds.), Regulaçåo Bancária e Dinâmica Financeira: Evoluçåo e Perspectivas a partir Dos Acordos de Basiléia (Istituto Economia de UNICAMP: Universidade Estadual de Campinas), 2006, pp. 177-212.

“Crédits à Hauts Risques,” Politis, 5 April 2007.

“The Collapse of Securitization: From Subprimes to Global Credit Crunch,” Lettre de CEPN, no. 2, Centre d’Économie Paris-Nord, Université Paris XIII, December 2007.

With Dominique Plihon, “Consumer Debt at the Center of Finance-Led Capitalism,” Working Papers no. 09-2008, Centre d’Économie de l’Université Paris-Nord, France.

“A Primer on Finance-Led Capitalism and Its Crisis,” Revue de la Régulation, no. 3/4, December 2008.

With Dominique Plihon, “O endividamento do consumidor ne cerne do capitalismo conducido pelas finanças,” Economia e Sociedade, vol. 17, December 2008. Istituto Economia, Universidade de Campinas (Brasil).

“Eichner’s Theory of Money and Credit,” in M. Lavoie, M. Seccareccia, and L.-P. Rochon (eds.), Money and Macroeconomic Issues: Alfred Eichner and Post-Keynesian Economics (M. E. Sharpe: Armonk, NY). March 2009, pp. 139-154.

“Introducción al capitalismo conducido por las finanzas,” Ola Financiera, no. 2, January- April 2009, UNAM (Mexico), pp. 20-56.

“Asset Bubbles, Debt Deflation, and Global Imbalances,” International Journal of Political Economy, vol. 38, no. 2, Summer 2009, pp. 46-69.

“Financial Globalization and Post-Crisis Perspectives,” The Perspective of the World Review, vol. 1, no. 1, Institute of Applied Economic Research (IPEA), Brasilia (Brazil), December 2009, pp. 53-68.

With Dominique Plihon, “Consumer Debt and Financial Fragility,” International Review of Applied Economics, Vol. 24, No. 3, July 2010, pp. 264–282.

“La Crisis del Patrón Dólar,” in A. Girón, P. Rodriguez, J. Déniz (eds.). Crisis Financiera, Nuevas Manías y Viejos Pánicos (Catarata: Madrid), 2010, pp. 183– 204.

“Re-regulating Finance,” in Onaran, O., Niechoj, T., Stockhammer, E., Truger, A. und T. van Treeck (eds). Stabilising an unequal economy? Public debt, financial regulation, and income distribution (Metropolis Verlag: Marburg, Germany). 2011, pp. 221-241.

“États-Unis: quelle réforme?” Politis, 21 July 2011, Paris (France).

“The collapse of securitization: from subprimes to global credit crunch,” In C. Gnos & L. P. Rochon (eds). Credit, Money and Macroeconomic Policy: A Post-Keynesian Approach (Edward Elgar: Cheltenham, UK), September 2011, pp. 45-55.

“Basel II: a new regulatory framework for global banking.” In C. Gnos & L. P. Rochon (eds). Credit, Money and Macroeconomic Policy: A Post-Keynesian Approach (Edward Elgar: Cheltenham, UK), September 2011, pp. 145-173.

“Financial Regulation: Why and How?,” Veblen Institute for Economic Reforms: Paris, January 2012.

“Central banking in a systemic crisis: the Federal Reserve’s ‘credit-easing’,” in L. P. Rochon and Salewa ‘Yinka Olawoye (eds.), Monetary Policy and Central Banking: New Directions in Post-Keynesian Theory (E. Elgar: Chaltenham, UK), July 2012, 130-165.

“Finance: Il n’a pas eu le temps d’aller au bout de sa réforme. Enjeux: Obama, Quel Bilan?”, Alternatives Internationales, no. 56, September 2012, 29-30.

With Dominique Plihon, “Whither the Euro? History and Crisis of Europe’s Single- Currency Project.” In G. Epstein and M. Wolfson (eds), The Handbook of The Political Economy of Financial Crises, (Oxford University Press: Oxford, UK), January 2013, 357 – 377.

“Is the Euro Crisis Over?” Triple Crisis blog, 02/08/2013. Reprinted in Green European Journal, 02/14/2013.

With Jacques Mazier and Dominique Plihon, “La Recomposition de Système Monétaire Internationale,” In J. Mazier, P. Petit, D. Plihon (eds). L’Economie Mondiale en 2030 (Economica: Paris), October 2013, 93 – 110.

With Pascal Petit, “Key issues for global governance in 2030,” foresight, Vol. 16, No. 2, pp. 2-4. July 2014.

“Financial Crisis,” In Louis-Philippe Rochon and Sergio Rossi (eds). The Encyclopedia of Central Banking (Edgar Elgar: Chaltenham, UK), March 2015, pp. 185-186.

“The Heterodox Notion of Structural Crisis,” Review of Keynesian Economics, vol. 3, no. 2, April 2015, pp. 194-212.

“Chronic macro-economic and financial imbalances in the world economy: A Meta- economic view,” Brazilian Journal of Political Economy, vol. 25, no. 2, April 2015, pp. 203-226.

“Imbalances and Crises,” In Louis-Philippe Rochon and Sergio Rossi (eds). An Introduction to Macroeconomics: A Heterodox Approach to Economic Analysis. (Edgar Elgar: Cheltenham, UK), Chapter 17, September 2015, pp. 336-358.

Finance-Led Capitalism: Shadow Banking, Re-Regulation, and the Future of Global Markets (Palgrave Macmillan: New York), December 2015.

With Cedric Durand, “ ‘Finance will get less aggressive and smaller’: Interview with Robert Guttmann” Revue de la Régulation, no. 20, Autumn 2016.

“Financialization revisited: the rise and fall of finance-led capitalism.” Economia e Sociedade,. 26, Special Issue (December 2017), 857-877. 

“The Transformation of Banking,” in Anastasia Nesvetailova (ed.) Shadow Banking: Scope, Origins and Theories (Routledge: London), January 2018, pp. 25-39.

Eco-Capitalism: Carbon Money, Climate Finance, and Sustainable Development (Palgrave Macmillan: New York), July 2018.

“Suzanne de Brunhoff et les relations monétaires internationales,” in R. Bellofiore, D. Cohen, C. Durand, A. Orléan (eds.) Penser la monnaie et la finance avec Marx: Autour de Suzanne de Brunhoff (Presses Universitaires de Rennes: Rennes), September 2018, pp. 105 – 118.

“Understanding credit-money: Lavoie and Seccareccia’s contribution to monetary theory,” in L.-P. Rochon and H. Bougrine (eds.) Credit, money and crises in post- Keynesian economics (Edgar Elgar: Cheltenham, UK), July 2020, pp. 21 – 40.

“Virus economics: An American tragedy,” Revue de la Régulation, Issue 29, 2021.

Multi-Polar Capitalism: The End of the Dollar Standard (Palgrave Macmillan: New York), forthcoming (April 2021).

Conference Papers

“Central Banking in a Debt-Deflation Crisis: A Comparison of the Fed and ECB,” Journées de la Gouvernance, Université de Bourgogne, Dijon (France), 30 May 2008.

“A Primer on Finance-Led Capitalism,” Conference on Financial Globalization and the International Monetary Standard, Institute of Economics, University of Campinas (Brazil), 29 August 2008.

“The Global Credit Crunch,” Post-Keynesian Seminar, National Autonomous University of Mexico, Mexico City, 29 September 2008.

“Asset Bubbles, Debt Deflation, and Global Imbalances,” Eastern Economics Association Conference, New York (NY), 28 February 2009.

“The Challenge of Regulating Financial Globalization,” Seminar on Development, Economic and Social Development Council (CDES), Brasilia (Brazil), 6 March 2009.

“The Fed’s Credit Easing,” Conference on Political Economy of Central Banking, International Economic Policy Institute, Toronto (Canada), 29 May 2009.

“The Crisis of Finance-Led Capitalism,” International Conference on Finance-Led Capitalism, Institute of Economics, University of Campinas (Brazil), 2 October 2009.

“Re-Regulating Finance,” 14th Conference on “Stabilizing an unequal economy? Public debt, financial regulation, and income distribution”, Research Network Macroeconomics and Macroeconomic Policies (FMM), Berlin (Germany), 29-30 October 2010.

“The Heterodox Notion of Structural Crisis,” Annual Conference of Association Française d’Economie Politique (AFEP), 5-7 July 2012.

“Bringing Finance out of the Shadows: The Challenge of the Regulatory Dialectic,” Special Panel on Shadow Banking, ASSA/AEA Convention, San Diego (CA), 4-6 January 2013.

“The ‘Financialization’ of the US Economy, 1971-Present,” Institute des Ameriques, Paris (France), 28 March 2013.

“The How and Why of Financial Regulation.” Eastern Economic Association Conference, New York City, 10-12 May 2013.

“US Financial Re-Regulation Efforts,” International Conference on “The International Financial System and the Global Power Shift: Five Years After Lehman,” Rosa Luxemburg Foundation, Brussels, 13-15 November 2013.

“Macroeconomic and Financial Imbalances in the World Economy,” Forum de Economia, Fondaçao Getulio Vargas, Sao Paulo (Brazil), 12-14 September 2014.

“Financialization Revisited,” Conference on Financial Globalization, Istituto de Economia, UNICAMP, Universidade Estadual de Campinas (Brazil), November 11, 2016

“Differences and Overlaps of Different Heterodox Economic Aproaches,” Aula Inaugural da Pós-Graduação do Instituto de Economia, UNICAMP (Brazil), March 22, 2017.

“The Take-Off of Climate Finance since the Paris Agreement” Chaire Energie et Prosperité, Mirova – Natixis, Paris, June 8, 2017.

“Carbon Money and Climate Finance,” Chaire Energie et Prosperité, Commission de régulation de l’énergie, Paris, June 18, 2018.

Keynote Speaker on “New Developmentalist Approaches,” 4th International Workshop on New Developmentalism, Fundaçao Getulio Vargas, São Paulo, July 25, 2019.

Grants

FASP (Faculty Academic Study Program) Research Grant, Rutgers University, Fall 1981.

Faculty Development Grant, Hofstra University, Spring 1987 and Spring 1988.

Research and Development Grant, Hofstra University, Fall 1990.

Awards

Fund B Merit Award, Rutgers University, 1980-81.

1985-86 Leonard Stessin Prize for Outstanding Scholarly Publication, Hofstra University, Spring 1986.

Distinguished Teacher Award, Hofstra University, May 1989.

Choice Magazine award for Outstanding Academic Publication in Economics for the book How Credit-Money Shapes the Economy, January 1995.

Full Professor Incentive Award, Hofstra University, Fall 2003

Distinguished Teacher Award, Hofstra College of Liberal Arts and Sciences. Hofstra University, May 2004.

Full Professor Incentive Award, Hofstra University, Fall 2009.

Distinguished Teacher Award, Hofstra College of Liberal Arts and Sciences. Hofstra University, May 2013.

Augustus B. Weller Chair in Economics, September 1, 2017 – August 31, 2020.